Team Bizsol

CBDT designates Special Court under Section 280A of the Income Tax Act, 1961 & Section 84 of Black Money ( Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 for: Telangana ( Notification No.89/2021- Income Tax dtd 04.08.2021) Meghalaya ( Notification No.88/2021- Income Tax dtd 04.08.2021) Gujarat ( Notification No.87/2021- Income Tax dtd …

CBDT designates Special Court under Section 280A of the Income Tax Act, 1961 & Section 84 of Black Money ( Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.(06.08.2021) Read More »

Taxation Laws (Amendment) Bill , 2021 is introduced in Lok Sabha on 05th August 2021 to amend the Income Tax Act, 1961 and the Finance Act, 2012. (Bill No. 120 of 2021)

Guidelines are issued on Opening of Current Accounts by Bank in order to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. (RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 dtd 4th August, 2021

Anti-dumping investigation on imports of “Self-adhesive Polyvinyl Chloride Film” (DGTR Termination Notification dtd 3rd August 2021)

Anti-Circumvention investigation concerning circumvention of anti-dumping duty imposed on imports of “Ceramic Tableware and Kitchenware, excluding knives and toilet items” (DGTR Notification dtd 3rd August 2021)

Blocking of E-Way Bill generation facility to resume after 15.08.2021 (Press Release dtd 4th August 2021)

Online Procedure for transfer of Advance/EPCG Authorisation in case of amalgamation/de-merger/acquisition (Trade Notice 14/2021-22 dtd 4th August 2021)    

Upload e-BRC by 15.09.2021 for shipping bills with LEO upto 31.03.2020 on which RoSCTL scrip has been claimed from DGFT RA’s (Trade Notice No. 13/2021-22 dtd 4th August 2021)

The Tribunals Reforms Bill,2021 introduced in Lok Sabha on 2nd August 2021. (Bill No.116 of 2021)

Bill introduced in Rajyasabha on 30th July 2021: • The Limited Liability Partnership (Amendment) Bill, 2021 (Bill No. XXXI of 2021) • Constitution (Scheduled Tribes) Order (Amendment) Bill, 2021 (Bill No. XXXII of 2021) • Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 (Bill No. XXVIII of 2021)

DGS System released module for Manual Upload & review of Adjudication / Appeal Orders issued by State / Union Territory GST Authorities. (Director General of Systems and Data Management Advisory No.7/2021 dtd 20th July 2021)

DGS System released module for Manual Upload of GST Appeal Order issued offline. (Director General of Systems and Data Management Advisory No.6/2021 dtd 20th July 2021)

DGS System released module for review of Appeal Orders & filing of APL-07. (Director General of Systems and Data Management Advisory N0.5/2021 dtd 20th July 2021)

DGS System released module for manual upload of FORM GST-APL-05 (Appeal filed by taxpayer before Appellate Tribunal), Examination of FORM GST APL-05 and filing of APL-06 by the Tax Department. (Director General of Systems and Data Management Advisory No.1/2021 dtd 20th July 2021)

Tariff value of Gold & Silver revised with effect from 31st July 2021. (Notification 63/2021- Customs (N.T.). dtd 30th July 2021)

SEA Cargo Manifest and Transhipment Regulations to come into force from Aug-31 in place of July 31, 2021. (Notification 64/2021- Customs (N.T.). dtd 30th July 2021)

DGTR Initiation of Anti-dumping investigation concerning imports of “(4R-Cis)-1,1-Dimethylethyl-6-cyanomethyl-2, 2-dimethyl-1,3-dioxane-4-acetate also known as ATS-8”. (Initiation Notification dtd. 2nd August 2021- Department of Commerce – Director General Trade & Remedies)

CBDT has further extended the due dates for electronic filing of various Forms under the Income-tax Act, 1961. (Circular No.15/2021- Income Tax dtd.3rd August 2021)